TOKYO Dec 12 Japan's financial regulator
ordered the Tokyo investment banking unit of Deutsche Bank
to improve its business practices after it was found
to have entertained pension fund officials in violation of
The order by the Financial Services Agency (FSA) was widely
expected after the securities regulator last week recommended
that Deutsche Securities Inc be sanctioned for the entertainment
involving officials at three pension funds.
The order requires Deutsche Securities to come up with
measures to prevent a recurrence and to periodically report on
its compliance to the regulator, according to a statement issued
by the FSA on its website.